Report: In The U.S., Marijuana Is the Fastest-Growing Industry

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At least 160,000 new cannabis-related jobs will be available by 2020, according to estimates.

A new report from cannabis website Leafly and consultancy Whitney Economics found that the US added 64,389 full-time, legal jobs in the marijuana industry just last year. The growth in the past year represented a 44% increase in total jobs, which was approximately 211,000. The numbers in the report only counted jobs directly related to the marijuana industry—lawyer, accountant, media, consultant, and marketing positions related to the sector make up an additional 296,000 positions.

The report projects a minimum 110% growth from 2017 to 2020 and ranks the weed industry far above what are often seen as the fastest growing sectors in terms of job openings. This includes positions in solar panel installation and home healthcare, which the US Bureau of Labor Statistics projects will see 105% and 47% growth respectively between 2016 and 2026. Since the drug remains illegal on the federal level, the BLS doesn’t collect or report data on the sector. But the authors of the report used state data and industry figures to create the estimates.

Around the country, there are signs that marijuana is a fast-growing and profitable venture. Job openings in the industry nearly doubled between 2017 and 2018 on careers site Glassdoor, jumping from 858 to 1,512 positions.

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